Freedom Investment Management Inc. Sells 3,108 Shares of Arch Capital Group Ltd. $ACGL

Key Points

• Freedom Investment Management Inc. reduced its holdings in Arch Capital Group by 38.3% during Q1, selling 3,108 shares and leaving them with 4,999 shares worth approximately $481,000.
• Arch Capital Group reported a robust earnings performance, with $2.58 earnings per share, surpassing estimates and a revenue of $4.35 billion for the quarter.
• Analysts maintain a "Moderate Buy" consensus rating for Arch Capital Group, with a target price of $111.27 according to multiple research reports.

Freedom Investment Management Inc. decreased its holdings in Arch Capital Group Ltd. (NASDAQ:ACGL - Free Report) by 38.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,999 shares of the insurance provider's stock after selling 3,108 shares during the quarter. Freedom Investment Management Inc.'s holdings in Arch Capital Group were worth $481,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ACGL. Kovitz Investment Group Partners LLC bought a new stake in shares of Arch Capital Group in the fourth quarter worth $221,000. Susquehanna Fundamental Investments LLC bought a new stake in Arch Capital Group during the fourth quarter valued at $1,598,000. Quarry LP bought a new stake in Arch Capital Group during the fourth quarter valued at $58,000. Northern Trust Corp boosted its position in Arch Capital Group by 11.3% during the fourth quarter. Northern Trust Corp now owns 4,860,804 shares of the insurance provider's stock valued at $448,895,000 after acquiring an additional 495,262 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in Arch Capital Group by 3.5% during the fourth quarter. Lido Advisors LLC now owns 9,985 shares of the insurance provider's stock valued at $922,000 after acquiring an additional 338 shares during the last quarter. Institutional investors own 89.07% of the company's stock.

Arch Capital Group Trading Down 1.1%

ACGL opened at $90.90 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.56 and a quick ratio of 0.56. Arch Capital Group Ltd. has a fifty-two week low of $82.49 and a fifty-two week high of $116.47. The firm has a market capitalization of $33.93 billion, a PE ratio of 9.38, a P/E/G ratio of 5.63 and a beta of 0.49. The company's 50-day moving average is $89.48 and its 200 day moving average is $91.18.

Arch Capital Group (NASDAQ:ACGL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The insurance provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.30 by $0.28. Arch Capital Group had a net margin of 19.49% and a return on equity of 15.33%. The company had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the business posted $2.57 EPS. As a group, research analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Capital Group

In related news, insider Maamoun Rajeh sold 10,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $94.15, for a total value of $941,500.00. Following the sale, the insider owned 433,589 shares in the company, valued at $40,822,404.35. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on ACGL shares. Cowen reaffirmed a "buy" rating on shares of Arch Capital Group in a research report on Monday, August 4th. Morgan Stanley set a $110.00 price objective on shares of Arch Capital Group and gave the stock an "overweight" rating in a research report on Monday, May 19th. Cantor Fitzgerald raised shares of Arch Capital Group to a "hold" rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods increased their price objective on shares of Arch Capital Group from $102.00 to $103.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. Finally, Citigroup initiated coverage on shares of Arch Capital Group in a research report on Wednesday, August 13th. They set a "buy" rating and a $113.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.27.

Arch Capital Group Profile

Arch Capital Group Ltd., together with its subsidiaries, provides insurance, reinsurance, and mortgage insurance products worldwide. The company's Insurance segment offers primary and excess casualty coverages; loss sensitive primary casualty insurance programs; directors' and officers' liability, errors and omissions liability, employment practices and fiduciary liability, crime, professional indemnity, and other financial related coverages; medical professional and general liability insurance coverages; and workers' compensation and umbrella liability, as well as commercial automobile and inland marine products.

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